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1331 N Federal Highway , #1

Lake Worth Beach, FL 33460
  • $999,999
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: RX-10845442
Price Reduced
UPDATED: 21 min ago
$999,999
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,990
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Welcome to Lake Worth Beach! The property is currently being run as 4 units split into a 1/1, a 2/1, and 2 studios for short term rentals! This property is zoned commercial MULIFAMILY > 10 units. All the decor and furniture is included so the new owners can start their business right away. Some of the units have just been upgraded with new kitchens and/or baths. Each unit has their own patio and parking spot. Very low maintenance to upkeep the property. The units are 1 mile to the beach, downtown nightlife, restaurants and bars. This is a great investment for anyone who wants a 8+ cap rate. Property for sale next door RX-10837047 also zoned MULTIFAMILY > 10 units. OM available upon request. Come see what the hype is about in Lake Worth Beach!

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www.oceankeyrealty.com/homes/134742362
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1331 N Federal Highway , #1 Lake Worth Beach, FL 33460

  • Price: $999,999
  • Status: Active
  • On Site: 78 Days
  • Updated: 21 min ago
  • MLS #: RX-10845442
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1,990
SQFT
$503
$/SQFT
1956
Built
Neighborhood:
North Lake Worth
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Welcome to Lake Worth Beach! The property is currently being run as 4 units split into a 1/1, a 2/1, and 2 studios for short term rentals! This property is zoned commercial MULIFAMILY > 10 units. All the decor and furniture is included so the new owners can start their business right away. Some of the units have just been upgraded with new kitchens and/or baths. Each unit has their own patio and parking spot. Very low maintenance to upkeep the property. The units are 1 mile to the beach, downtown nightlife, restaurants and bars. This is a great investment for anyone who wants a 8+ cap rate. Property for sale next door RX-10837047 also zoned MULTIFAMILY > 10 units. OM available upon request. Come see what the hype is about in Lake Worth Beach!
Exterior Features

Carport Spaces 1.00 Construction Cbs Exterior Features Open PatioOpen Porch Lot Description < 1/4 AcreCorner LotSidewalks Private Pool YN No Roof Tar/Gravel Unit1 Parking Open Parking Unit2 Parking Open Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Central IndividualPaddle FansWall-Win A/C Flooring Ceramic Tile Heating Other Unit1 Bedrooms 1 Unit1 Desc A/C UnitBuilt-In ShelvesKitchenMicrowavePatioRange - GasRefrigeratorSmoke Detector Unit1 Full Baths 1 Unit1 Furnished Yes Unit1 Sq Ft 450 Unit2 Bedrooms 2 Unit2 Desc A/C UnitKitchenMicrowavePatioRange - ElectricRefrigeratorSmoke DetectorStack BedroomsW/D Hookup Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 726 Window Treatments AwningBlinds

Property Features

Annual Net Operating Income 113972.00 Annual Total Expenses 25264.00 Auction No Available Info Leases Built Desc Resale Gated Community No Gross Operating Income 139236.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Duplex Possession At ClosingSubject To Lease REO No Restrictions Lease Ok Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Info Sold As-Is Sq Ft Total 2436.00 Subdivision Amenities Bike - JogNone Tax Amount 4126.00 Tax Year 2022 Taxes City/County Tenant Pays None Terms Considered CashConventional Unit1 Monthly Income 3000.00 Unit2 Monthly Income 3000.00 Utilities Public SewerPublic Water Zoning Mu-Fh(

Listing provided courtesy of Coastal Classic Realty: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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